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Nonprofiteer
← THOMAS B FORDHAM INSTITUTE

Form 990 for tax year 2023

Filed by THOMAS B FORDHAM INSTITUTE.

Totals

Total revenue
$2,104,202
Total expenses
$3,862,453
Contributions and grants received
$1,986,481
Grants paid
$23,891
Program service revenue
$0
Investment income
$113,083
Other revenue
$4,638
Total assets, end of year
$6,448,968
Total liabilities, end of year
$1,372,064
Net assets or fund balances, end of year
$5,076,904
Program services expenses (Part IX)
$3,447,508
Management and general expenses
$172,589
Fundraising expenses
$242,356
Program service expenses (Part III)
$3,447,508

Program services were 89.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,986,481

  • 3 · Investment income

    total $113,083 · unrelated business $0 · excluded $113,083

  • 11a · Other revenue: OTHER INCOME

    total $4,638 · related or exempt $4,638 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $4,638

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $23,891 · program services $23,891

  • 5 · Compensation of officers, directors and key employees

    total $747,734 · program services $678,321 · management and general $9,952 · fundraising $59,461

  • 7 · Other salaries and wages

    total $1,433,213 · program services $1,299,732 · management and general $19,584 · fundraising $113,897

  • 8 · Pension plan contributions

    total $161,887 · program services $148,595 · management and general $0 · fundraising $13,292

  • 9 · Other employee benefits

    total $108,328 · program services $98,239 · management and general $1,480 · fundraising $8,609

  • 10 · Payroll taxes

    total $139,556 · program services $126,559 · management and general $1,907 · fundraising $11,090

  • 11b · Fees: legal

    total $3,972 · program services $1,620 · management and general $2,352 · fundraising $0

  • 11d · Fees: lobbying

    total $71,000 · program services $71,000 · management and general $0 · fundraising $0

  • 11f · Fees: investment management

    total $14,708 · program services $0 · management and general $14,708 · fundraising $0

  • 11g · Fees: other

    total $607,895 · program services $507,076 · management and general $100,181 · fundraising $638

  • 12 · Advertising and promotion

    total $15,768 · program services $0 · management and general $0 · fundraising $15,768

  • 13 · Office expenses

    total $128,288 · program services $108,620 · management and general $12,901 · fundraising $6,767

  • 14 · Information technology

    total $25,690 · program services $20,225 · management and general $5,465 · fundraising $0

  • 16 · Occupancy

    total $90,248 · program services $82,126 · management and general $902 · fundraising $7,220

  • 17 · Travel

    total $108,758 · program services $108,758 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $64,001 · program services $64,001 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $43,801 · program services $39,859 · management and general $438 · fundraising $3,504

  • 24a · Other expenses: MISCELLANEOUS

    total $73,715 · program services $68,886 · management and general $2,719 · fundraising $2,110

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $995,810 · end of year $507,807

  • 3 · Pledges and grants receivable

    beginning of year $700,000 · end of year $885,611

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $4,343,080 · end of year $3,166,992

  • 12 · Investments: other securities

    beginning of year $1,018,914 · end of year $1,194,901

  • 15 · Other assets

    beginning of year $257,147 · end of year $693,657

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,153

  • 25 · Other liabilities

    beginning of year $1,149,175 · end of year $1,372,064

  • 27 · Net assets without donor restrictions

    beginning of year $5,251,097 · end of year $4,753,702

  • 28 · Net assets with donor restrictions

    beginning of year $882,526 · end of year $323,202

Mission and programs · 2023

Mission

THE THOMAS B. FORDHAM INSTITUTE IS THE NATIONS LEADER IN ADVANCING EDUCATIONAL EXCELLENCE FOR EVERY CHILD THROUGH QUALITY RESEARCH, ANALYSIS, AND COMMENTARY, AS WELL AS ON-THE-GROUND ACTION AND ADVOCACY IN OHIO.

Activities or mission (Part I)

THE THOMAS B. FORDHAM INSTITUTE IS THE NATIONS LEADER IN ADVANCING EDUCATIONAL EXCELLENCE THROUGH QUALITY RESEARCH, ANALYSIS, AND COMMENTARY, AS WELL AS ON-THE-GROUND ACTION AND ADVOCACY IN OHIO.

  • COMMENTARY: FRAMED THE DEBATE FOR OTHER ED REFORMERS; WEIGHED IN ON URGENT TOPICS OF THE DAY; AND PROMOTED POLICIES THAT INCREASE ACCESS TO HIGH QUALITY CHOICES AND THAT MAINTAIN RIGOROUS STANDARDS, ESPECIALLY THROUGH OUR BLOGS AND THE EDUCATION GADFLY.

    Expenses $1,383,620 · Grants $21,891

  • RESEARCHING AND EVALUATING OHIO EDUCATION POLICY: PRODUCED AND DISSEMINATED STUDIES, ANALYSES, AND OTHER INFORMATION AIMED AT STRENGTHENING AND IMPROVING EDUCATION POLICY IN OHIO, INCLUDING THE PUBLICATION A OF BI-WEEKLY ELECTRONIC NEWS-BRIEF TITLED THE OHIO EDUCATION GADFLY, AND ANALYZED KEY EDUCATION POLICY ISSUES.

    Expenses $1,007,899 · Grants $2,000

  • RESEARCHING AND EVALUATING HIGH QUALITY SCHOOL CHOICE: PRODUCED AND DISSEMINATED STUDIES THAT EXAMINE HOW THE EXPANSION OF CHARTER SCHOOLS IS IMPACTING TRADITIONAL PUBLIC SCHOOLS, WHETHER CHARTER TEACHERS EXHIBIT HIGHER EXPECTATIONS FOR THEIR STUDENTS THAN THEIR PUBLIC SCHOOL PEERS, AND THE IMPACT AND SPENDING PATTERNS OF SO-CALLED FOR PROFIT CHARTER SCHOOLS, AMONG OTHER TOPICS.

    Expenses $552,228

  • RESEARCHING AND EVALUATING EDUCATION FOR UPWARD MOBILLITY: PRODUCED AND DISSEMINATED STUDIES AND POLICY BRIEFS IDENTIFYING EVIDENCE-BASED SOLUTIONS AND BEST-PRACTICE RECOMMENDATIONS THAT HELP CHILDREN BORN INTO POVERTY TRANSCEND THEIR DISADVANTAGES AND ENTER THE MIDDLE CLASS AS ADULTS, INCLUDING HIGH-QUALITY CAREER AND TECHNICAL EDUCATION PROGRAMS.

    Expenses $455,152

  • RESEARCHING AND EVALUATING STANDARDS, ASSESSMENTS, AND ACCOUNTABILITY: PRODUCED AND DISSEMINATED STUDIES RELATED TO THE IMPLEMENTATION OF STANDARDS-BASED REFORM, ESPECIALLY WITH RESPECT TO NEW MEASURES OF STUDENT ABSENTEEISM, EVIDENCE-BASED PRACTICES IN ELEMENTARY SCHOOLS, AND THE HISTORY OF THE NATIONAL ASSESSMENT OF EDUCATIONAL PROGRAMS.

    Expenses $48,609

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bruno V Manno

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Stefanie Sanford

    TRUSTEE

    Total calculated
    $6,000
    From this org
    $0
    From related orgs
    $6,000
    Other
    $0
    Hours/week
    0.5

  • Rod Paige

    TRUSTEE

    Total calculated
    $3,000
    From this org
    $0
    From related orgs
    $3,000
    Other
    $0
    Hours/week
    0.5

  • Caprice Young

    TRUSTEE

    Total calculated
    $6,000
    From this org
    $0
    From related orgs
    $6,000
    Other
    $0
    Hours/week
    0.5

  • Ian Rowe

    TRUSTEE

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    0.5

  • David Driscoll

    CHAIRMAN/TRUSTEE

    Total calculated
    $6,000
    From this org
    $0
    From related orgs
    $6,000
    Other
    $0
    Hours/week
    0.5

  • Thomas A Holton

    SECRETARY AND TRUSTEE

    Total calculated
    $6,000
    From this org
    $0
    From related orgs
    $6,000
    Other
    $0
    Hours/week
    0.5

  • Michael W Kelly

    TREASURER AND TRUSTEE

    Total calculated
    $6,000
    From this org
    $0
    From related orgs
    $6,000
    Other
    $0
    Hours/week
    0.5

  • Chester E Finn Jr

    PRESIDENT EMERITUS AND TRUSTEE

    Total calculated
    $280,420
    From this org
    $0
    From related orgs
    $250,000
    Other
    $30,420
    Hours/week
    46.5

    Schedule J breakdown matched by us

    Base
    $0 + $250,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0 + $420 related
    Filer's total
    $0 + $280,420 related

  • Michael Petrilli

    PRESIDENT AND TRUSTEE

    Total calculated
    $427,354
    From this org
    $0
    From related orgs
    $367,843
    Other
    $59,511
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $351,808 related
    Bonus
    $0 + $16,035 related
    Other
    $0
    Deferred
    $0 + $39,600 related
    Nontaxable benefits
    $0 + $19,911 related
    Filer's total
    $0 + $427,354 related

  • Gary Labelle

    VP FOR FINANCE AND OPERATIONS

    Total calculated
    $252,121
    From this org
    $0
    From related orgs
    $213,500
    Other
    $38,621
    Hours/week
    25

    Schedule J breakdown matched by us

    Base
    $0 + $201,000 related
    Bonus
    $0 + $12,500 related
    Other
    $0
    Deferred
    $0 + $25,620 related
    Nontaxable benefits
    $0 + $13,000 related
    Filer's total
    $0 + $252,120 related

  • Amber Northern

    SENIOR VP FOR RESEARCH

    Total calculated
    $317,190
    From this org
    $0
    From related orgs
    $273,000
    Other
    $44,190
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $0 + $258,000 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0 + $32,760 related
    Nontaxable benefits
    $0 + $11,430 related
    Filer's total
    $0 + $317,190 related

  • Chad Aldis

    VP FOR OHIO POLICY AND ADVOCACY

    Total calculated
    $191,826
    From this org
    $0
    From related orgs
    $169,072
    Other
    $22,754
    Hours/week
    49.5

    Schedule J breakdown matched by us

    Base
    $0 + $159,072 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $20,289 related
    Nontaxable benefits
    $0 + $2,466 related
    Filer's total
    $0 + $191,827 related

  • Kathryn Mullen-Upton

    VP FOR SPONSORSHP AND DAYTON

    Total calculated
    $230,235
    From this org
    $0
    From related orgs
    $189,500
    Other
    $40,735
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $177,000 related
    Bonus
    $0 + $12,500 related
    Other
    $0
    Deferred
    $0 + $22,740 related
    Nontaxable benefits
    $0 + $17,995 related
    Filer's total
    $0 + $230,235 related

  • Victoria McDougald

    CHIEF OF STAFF

    Total calculated
    $161,923
    From this org
    $0
    From related orgs
    $133,500
    Other
    $28,423
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $126,000 related
    Bonus
    $0 + $7,500 related
    Other
    $0
    Deferred
    $0 + $16,020 related
    Nontaxable benefits
    $0 + $12,403 related
    Filer's total
    $0 + $161,923 related

  • Theda L Sampson

    DIRECTOR FOR APPLICATIONS AND CONTRACTS

    Total calculated
    $155,054
    From this org
    $0
    From related orgs
    $109,150
    Other
    $45,904
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $102,000 related
    Bonus
    $0 + $7,150 related
    Other
    $0
    Deferred
    $0 + $13,098 related
    Nontaxable benefits
    $0 + $19,708 related
    Filer's total
    $0 + $141,956 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202413139349304186

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